MAS pinpoints children learning about money, working age adults facing financial hard times and older people seeking to make the most of their retirement as some people who could utilise the hub.
The service has found that people’s attitudes towards money jeopardises their ability to cope financially in later years.
Caroline Rookes, chief executive of the Money Advice Service, said: “We’ll be working hard to encourage consumers to plan ahead for key life events and saving for unexpected costs is a good starting point.
“We are keen to ensure good money management starts at a young age so we will be bringing together funders of financial education for children and young people.
“We will continue to ensure that evaluation remains at the heart of our strategy – building on our new hub, we will assemble comprehensive evidence of what works and what doesn’t.
“Consumers are at the heart of everything we do and we and our partners are determined to bring about a step change in the financial capability of the UK population.”
